Self-employed and need a Covid-19 relief loan? You should wrap up your 2019 taxes right now

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Self-employed? Here’s one reason to start your 2019 tax return: The bank might want it when you apply for the Paycheck Protection Program.

Key Points

While small businesses signing up for the PPP must have payroll data to apply, independent contractors and self-employed people may not have this information. The federal government's $349 billion forgivable loan program opened to independent contractors and self-employed people on April 10, a week after the bumpy April 3 roll out to small businesses.On Tuesday, Treasury and the Small Business Administrationon the documents independent contractors and self-employed people will need to apply — four days after the program opened.

 

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Start it ? LOL Already have the EBT from the IRS weeks ago.

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